To initialize the forecasts in an exponential smoothing process, it is acceptable to:
A)use the average of the first six observed data values.
B)use the most recent data value in the observed data.
C)apply the smoothing constant α to the mean of the data.
D)ask a panel of experts to make a guess at the initial forecast.

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The Answer of To initialize the forecasts in an exponential smoothing process, it is acceptable to:
A)use the average of the first six observed data values.
B)use the most recent data value in the observed data.
C)apply the smoothing constant α to the mean of the data.
D)ask a panel of experts to make a guess at the initial forecast.

To Initialize the Forecasts in an Exponential Smoothing Process, It